The Swede Ingvar Kamprad, founder of the furniture store IKEA, passed away this weekend.
The founder of IKEA and Ikano is one of the biggest entrepreneurs of the twentieth century.
IKEA was founded by Ingvar 75 years ago.
The name IKEA made Ingvar Kamprad of his own initials and of the names of the farm where he grew up (Elmtaryd) and the village where he grew up (Agunnaryd).
IKEA's success formula is aimed at lower prices because the customer assembles furniture that has been purchased in packages.
IKEA has been the largest furniture retailer in the world for almost ten years.
IKEA has 400 locations worldwide and around 194.000 employs.
The head office of IKEA is now based in the Netherlands.
Ingvar Kamprad died at the age of 91.